EUR/USD to remain becalmed well within a 1.0650-1.0750 range – ING

Market news

8 June 2023

EUR/USD to remain becalmed well within a 1.0650-1.0750 range – ING

EUR/USD softened on the BoC rate hike yesterday. Economists at ING discuss the world's most popular currency pair outlook.

Range-bound into next week

Today's session sees some revisions to eurozone 1Q GDP data – expected to be revised down after German figures. However, the market still looks comfortable pricing in two further 25 bps ECB rate hikes by the late summer.

Expect EUR/USD to remain becalmed well within a 1.0650-1.0750 range.

See: EUR/USD to fall to 1.02 by the end of the year – Morgan Stanley

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